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2009 Nebraska Code
Chapter 45 INTEREST, LOANS, AND DEBT
45-1003 Installment loans; financial institution ineligible.

45-1003. Installment loans; financial institution ineligible.

No financial institution is eligible for a license or to make loans under the Nebraska Installment Loan Act.

Source
    Laws 1965, c. 31, § 3, p. 214;
    R.S.1943, (1987), § 8-817;
    Laws 1988, LB 795, § 6;
    R.S.1943, (1998), § 45-115;
    Laws 2001, LB 53, § 31;
    Laws 2003, LB 131, § 31;
    Laws 2003, LB 217, § 39.

Annotations Notwithstanding interest rate limits under Nebraska statutes, national bank in Nebraska can legally charge, on credit card transactions, same rates allowed by section 45-114 et seq. Fisher v. First Nat. Bank of Omaha, 548 F.2d 255 (8th Cir. 1977).


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